near closing on a new build

Just got our final closing disclosure and was surprised at what they are expecting us to pay in upfront HOA fees. The monthly fees are set for $68 but the closing upfront states they want $1400. Even if they wanted a year up front, the math is way off. Can anyone provide some insight? Any further information is available if needed. Thanks.

submitted by /u/Soreal45
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Just got our final closing disclosure and was surprised at what they are expecting us to pay in upfront HOA fees. The monthly fees are set for $68 but the closing upfront states they want $1400. Even if they wanted a year up front, the math is way off. Can anyone provide some insight? Any further information is available if needed. Thanks. submitted by /u/Soreal45 [link] [comments]

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